Transcript Association of Eurasian Central Securities Depositories

Association of Eurasian
Central Securities
Depositories
(AECSD)
2-4 September 2007
The ACG-11 General Meeting
Beijing, China
AECSD Members
22 December 2004
State Central Securities Depository (Uzbekistan)
Depository-Clearing Company (Russian Federation)
National Depository Center (Russian Federation)
Interregional Stock Union (Ukraine)
National Depository (Ukraine)
National Securities Depository (Moldova)
National Depository Center (Azerbaijan)
Republican Central Securities Depository (Republic of
Belarus)
Central Securities Depository (Georgia)
Central Securities Depository (Kazakhstan)
Central Depository (Kyrgyzstan)
Central Depository (Armenia)
Association's Objectives
Harmonization of the regulatory framework
Development of an optimal model for the recordkeeping system to
be used in the securities market of the member countries
Establishment of depository links among the members to support
cross-border securities transactions
Standardization of the technologies for the depository operation,
procedures for depository transaction processing, rules and
regulations governing the depositories' activities
Adoption of international messaging standards for depository
transactions and their use in the national practice
Development of Electronic Document Interchange
Development of harmonized standards for depository recordkeeping
and reporting
Supporting a coordinated process to enable the Association
members to integrate into the global depository system
AECSD Functions
Information exchange
Support of Association’s and members’ interests in international
organizations
Cooperation with educational and research institutions
Support of bilateral and multilateral relations between participants
Collection and distribution of information related to activities of
Association and its members
Representing interests of Association members when interacting
with international and national organizations
AECSD Structure
Association’s Conference
Board
Board Chairman
The Association’s Conference
adopts decisions that are binding on its members
approves the Association's Annual Report
appoints the Association Board
hears reports presented by the Association's Working Groups and
passes resolutions on the issues addressed in the reports
nominates members of the Working Groups and appoints Group
leaders
identifies the tasks for the Association's Working Groups
terminates the activities of the Working Groups
discusses the matters of common interest for its Members
determines the venue and time for holding the next Conference
performs other functions consistent with the Association's objectives
Next Association’s Conference
The Conference is held once a year and hosted by a country –
member, chosen at the previous meeting
Key participants of the Conference are AECSD members and guests
from other CSD associations
IV Conference will be held on 18 -19 October 2007 in Bishkek
(Kyrgyzstan Republic)
Objectives for the 4th Association’s Conference
- Creation of a new AECSD web-page
- Acquaintance to Global CSDs
- EDI and AECSD participants
- CSD Functions report
- Correspondent relations in AECSD
AECSD Board
Coordinates the Members' activities
Ensures information exchange between the Conference organizer
and the Members
Coordinates the Conference preparations
Drafts the agenda for the Conference
Assists and oversees the working groups' activities
Performs other required functions during the period between the
Conferences
Association Board Chairman
New Chairman and host country of AECSD are elected each year at
the Association’s Conference
Chairman:
- manages the activities of the Association Board
- ensures adherence to the AECSD Resolution
- represents the Association in its relationships with third parties
Current AECSD Chairman:
Erik Taranchiev, President of Kyrgyzstan CSD [email protected]
Host country: Republic of Kyrgyzstan
Association's Working Groups
Depository Links
Administration of the Association's Website
Development of Electronic Messaging
Standards
Groups’ tasks:
Ensure the performance of the tasks set before them
Report to the Conference on the activities to address their
tasks
Carry out research, prepare materials and conduct any
other activities necessary for achieving their tasks
Important events
Date
Event
22 December, 2004
Constituent Assembly
26 August, 2005
Correspondent relations between NDC (Russia) and Central
Securities depository of Kazakhstan
5-6 October, 2005
The second AECSD conference
13 February, 2006
Memorandum of collaboration between Central Securities
Depository (Uzbekistan) and National Depository Center (Russia)
9 April, 2007
Memorandum of collaboration between National Depository Center
(Russia) and Republican Central Securities Depository (Belarus
Republic)
1 June, 2007
National Depository Center –Substitute Numbering Agency for CIS
countries
Association web page
www.aecsd.ru
Thank You !!!